Vince McMahon has handed in his resignation from TKO Group, the dad or mum firm of WWE, amid new claims of sexual misconduct in opposition to him.
The agency introduced his exit by means of a press release launched on Friday (January 26).
Vince McMahon Resigns From TKO Group
However McMahon has maintained his innocence regardless of stepping down, insinuating the lawsuit had not influenced his resolution to resign.
In his assertion, he branded the go well with as nothing greater than “lies” and “obscene made-up situations.”
“I intend to vigorously defend myself in opposition to these baseless accusations and sit up for clearing my title,” he wrote, per NBC Information.
“Nonetheless, out of respect for the WWE Universe, the extraordinary TKO enterprise and its board members and shareholders, companions and constituents, and all the staff and Superstars who helped make WWE into the worldwide chief it’s right this moment, I’ve determined to resign from my government chairmanship and the TKO board of administrators, efficient instantly.”
Janel Grant, a former authorized and expertise division worker, filed a lawsuit in opposition to McMahon and John Laurinaitis, the previous head of expertise relations.
McMahon turned accustomed to Grant as they previously lived in the identical constructing, the go well with notes, per the Wall Road Journal.
Allegations About Sexual Misconduct
It’s alleged that the previous government provided her a job at WWE shortly after Grant’s dad and mom handed away in 2019.
However McMahon, in response to the go well with, allegedly insinuated the job got here with particular necessities.
Grant’s docs declare that McMahon was solely keen to rent her if she agreed to a sexual relationship with him. Moreover, terminating the association meant dropping her job.
The allegations in her court docket paperwork, per CNN, embrace sexual abuse and trafficking by providing her to a different well-known wrestler for intercourse.
The identification of the athlete in query was not disclosed within the court docket papers.
However she additionally accused McMahon of sharing raunchy pictures and movies of her with different male staff on the firm. This allegedly created an unfit surroundings for Grant to proceed working in.
The plaintiff claims that a number of males on the WWE headquarters coerced her to carry out sexual acts throughout work hours at sure occasions. Laurinaitis, particularly, allegedly made her interact in intimate encounters earlier than her shift would begin.
In 2022, she claims each McMahon and Laurinaitis sexually assaulted her in one of many WWE workplaces.
The corporate allegedly let Grant go in 2022 earlier than pressuring her into signing a non-disclosure settlement, per The Hill.
Vince Beforehand Stepped Down As CEO Of WWE
That very same yr, in July, Vince retired as CEO of WWE amid an investigation into sexual misconduct. In November, the corporate’s investigation discovered 4 ladies acquired “nearly $15 million” over 16 years to deal with misconduct allegations, per NBC. Nonetheless, Vince was allowed to regain “management over…affairs” within the firm.
CEO Ari Emmanuel has assured that they’re actively addressing the extreme allegations internally whereas coping with McMahon’s abrupt exit.
“Mr. McMahon doesn’t management TKO nor does he oversee the day-to-day operations of WWE,” he stated, in accordance Deadline. “Whereas this matter pre-dates our TKO government crew’s tenure on the firm, we take Ms. Grant’s horrific allegations very severely and are addressing this matter internally.”